Burger King

Burger King Net Lease Investment – Dothan MSA

Single-Tenant QSR Asset in a High-Yield Southeastern Market

This offering presents the opportunity to acquire a single-tenant Burger King property located in the Dothan, Alabama metropolitan statistical area (MSA), a strategically positioned Southeast market with strong regional draw, consistent consumer demand, and a favorable tax environment. The asset is secured by a long-term absolute triple-net lease with zero landlord responsibilities, offering stable, passive income backed by one of the world’s leading quick-service restaurant (QSR) brands.

Positioned in a high-visibility retail corridor with national co-tenancy and strong traffic counts, the property benefits from durable tenant performance and long-term occupancy potential. With Alabama’s business-friendly policies, low cost of living, and recession-resistant trade area dynamics, this Burger King represents a compelling opportunity for yield-focused investors seeking passive cash flow in a market with minimal volatility.

Tenant Overview – Burger King

Burger King is a global QSR brand with more than 18,000 restaurants across 100+ countries. In the United States, the brand operates approximately 6,000 units through a national network of experienced franchisees. The company is owned by Restaurant Brands International, which also owns Tim Hortons, Popeyes, and Firehouse Subs.

Burger King is known for its flame-grilled burgers, value-based combo meals, all-day breakfast, and consistent consumer appeal. The company has embraced a drive-thru-first model, with many locations featuring dual-lane drive-thrus, digital menu boards, and optimized layouts for mobile and delivery orders. This operating strategy supports strong unit-level economics in both urban and secondary markets.

In Alabama, Burger King maintains a loyal customer base and a wide geographic footprint. Operators in the region are typically seasoned franchisees with multi-unit portfolios and deep market familiarity. These operators have demonstrated long-term site retention and consistent sales performance in Southern tertiary and secondary MSAs like Dothan.

Dothan MSA – Regional Hub for Commerce, Healthcare, and Retail

The Dothan MSA is a key economic center in southeastern Alabama and functions as the primary hub for surrounding areas in Georgia and Florida. Often referred to as the Wiregrass Region, Dothan serves as a retail, medical, and transportation nucleus for over 450,000 people within a 50-mile radius. Its population base of approximately 150,000 residents is supported by healthcare, logistics, education, and manufacturing employment.

Major employers in the area include Southeast Health, Flowers Hospital, Michelin, Southern Nuclear, and the Dothan City School System. The region is also a hub for regional trucking and agricultural distribution, with direct highway access to I-10, I-65, and U.S. Route 231. Dothan’s status as a dominant retail and healthcare destination contributes to strong daytime population and repeat consumer traffic throughout the week.

The area continues to experience residential development, particularly along its northern and western corridors, where new housing construction, retail centers, and medical complexes are driving population growth and commercial demand.

Absolute NNN Lease – Zero Landlord Responsibility

The property is encumbered by an absolute triple-net lease, with the tenant responsible for all property expenses including real estate taxes, insurance, maintenance, and capital repairs. This lease structure offers true passivity and consistent cash flow for investors seeking low-maintenance, recession-resistant income. The lease includes structured rental increases, providing an inflation-hedged return over the full term and renewal periods.

As Burger King continues to focus on site-level optimization and re-investment in high-performing markets, assets with experienced franchisee operators, strong visibility, and surrounding service infrastructure are well-positioned for long-term tenant retention.

This structure is ideal for 1031 exchange buyers, trust and estate planning vehicles, and long-term hold strategies that prioritize simplicity, credit stability, and consistent income.

Strong Location Along a Primary Retail Corridor

The property is situated in one of Dothan’s most heavily trafficked commercial corridors, with daily vehicle counts exceeding 30,000. It benefits from prominent frontage, full access, and visibility to both directions of travel. The immediate trade area includes a mix of essential retail, national QSR, automotive services, medical offices, and grocery-anchored shopping centers.

National co-tenants in the surrounding corridor include Walmart Supercenter, Publix, Aldi, Chick-fil-A, McDonald’s, CVS, Advance Auto Parts, and Tractor Supply Co. These retailers provide a consistent draw for daily needs, creating consistent foot traffic and drive-thru demand for Burger King and other essential QSR brands.

The trade area also includes public schools, high-density residential subdivisions, urgent care facilities, and community churches—supporting strong multi-daypart performance throughout the week. The area’s sustained traffic patterns and limited supply of new pad-ready land reinforce the long-term value of outparcel QSR properties in the corridor.

Alabama – Low Tax Burden and Pro-Business Operating Climate

Alabama offers a low cost of living, no estate tax, and a business-friendly environment with low property taxes and efficient development processes. The state ranks among the most favorable jurisdictions for retail operations, particularly in essential categories such as QSR, fuel, automotive, and medical.

For real estate investors, Alabama provides landlord-favorable lease enforcement, low acquisition basis relative to income, and minimal competition in secondary markets with stable consumer demand. Cap rate spreads in these markets often provide better yield than comparable assets in major metros, while still offering creditworthy tenancy and essential-use business models.

Dothan’s regional role as a healthcare and retail anchor enhances asset durability in this geography, with consistent tenant retention and minimal exposure to urban volatility.

Demographics and Consumer Base

• Within 1 mile: Local residential population with a mix of working families, retirees, and service-sector employees contributing to high QSR visit frequency
• Within 3 miles: Over 50,000 residents with strong community ties, consistent population retention, and a steady pace of new housing permits
• Within 5 miles: Approximately 100,000 residents supported by regional employment, medical demand, and retail infrastructure
• High commuter traffic driven by nearby employers, medical facilities, and retail destinations
• Daypart traffic consistent across breakfast, lunch, and dinner service

Burger King’s format is well-suited to the surrounding demographic base, which includes price-sensitive families, shift workers, students, and retirees. These segments rely on familiar, drive-thru-oriented QSR offerings and contribute to high levels of repeat visitation in stable, suburban trade areas like Dothan.

Investment Highlights

• Single-tenant Burger King under long-term absolute NNN lease
• Fully passive income with zero landlord obligations
• Located in the Dothan MSA – a regional economic hub with stable population and retail demand
• Surrounded by national co-tenants, healthcare centers, and high-traffic infrastructure
• Lease includes rental escalations to support inflation-hedged income growth
• Alabama offers favorable tax climate, low cost of ownership, and strong lease enforcement
• Asset serves a wide trade area with limited competition and established consumer loyalty
• Ideal for 1031 exchange, long-term hold, and yield-focused investment strategies

Conclusion

This Burger King net lease property in the Dothan MSA offers investors the opportunity to secure a high-yield, passive income asset in a stable, service-oriented market. Backed by a global tenant, an absolute NNN lease structure, and strong regional demand fundamentals, this property aligns with the investment priorities of those seeking low-risk, long-term income in tax-advantaged markets.

As retail continues to consolidate around essential use categories and tenant performance becomes increasingly tied to operational efficiency, Burger King’s model in tertiary growth corridors like Dothan remains a reliable source of net lease income. This offering presents a rare combination of tenant strength, lease simplicity, and market durability—all at an attractive yield level in a pro-growth Southern state.